Any interest taken over a loan is Riba and it is forbidden.

Such a loan on mortgage is forbidden.

Please, what is the Islamic ruling with respect to mortgage loan?

Riba | March 2, 2014 5:45 am
Previous

If I am given bonus called diwali bonus, in the form of cash, what to do?
Next

I would like to ask for advice regarding personal life and accident insurance. Our company has a policy of providing personal life and accident insurance for their employees. I would like to know if participation in the scheme is allowed in Islam.